Fourth Option Period definition

Fourth Option Period. Means the period of 5 days commencing with the Fourth Anniversary of the Stock Purchase Agreement or if later the issue by GA of the Fourth Option Shares
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Fourth Option Period. Means the number of shares in GA shown in the Schedule as due to be issued to the Shareholder on the Fourth Anniversary of the Stock Purchase Agreement "HLM Stock Means the shares in HLM's Common Stock having $.001 par value and which may be issued to the Shareholder under the provisions of this agreement
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Fourth Option Period is defined in Section 2.02(a) .
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Examples of Fourth Option Period in a sentence

  • In order to extend the Option into the Fourth Option Period, Buyer must have Closed on at least a combined 64% of the Lots ("THIRD TAKEDOWN") before the Third Option Period expires.

  • To assess the performance of building detection, we consider the metrics precision, recall, f1 score, kappa coefficient (Cohen (1960)), overall accuracy (OA), as well as the numbers of false negatives (FN), false positives (FP), true negatives (TN), and true positives (TP).

  • For the Fourth Option Period rent shall increase over the annual minimum rent due and payable for the third option period from the first day of the first full calendar month of the Fourth Option Period through the last day of the last full calendar month of the Fourth Option Period.

  • The First Option Period, the Second Option Period, the Third Option Period and the Fourth Option Period are sometimes referred to herein collectively as the “Option Periods” and individually as an “Option Period.” Each Option Period shall continue for a period of five (5) years from the commencement date of such Option Period.

  • The annual rent payable for each year of the Fourth Option Period shall equal the product of (i) ten percent (10%) of the Equalization Value of the Leased Premises during the Fourth Option Period, which is fixed at Two Hundred Fifty Thousand Dollars ($250,000) per acre, multiplied by (ii) the number of acres in the Leased Premises during the Fourth Option Period (the “Rental Formula”).

  • If Developer does not exercise the Option prior to the end of the Fourth Option Period, then this Agreement and the rights of Developer hereunder shall automatically terminate as of the end of the Fourth Option Period.

  • As a rule, our class sizes are small, usually a maximum of 36 in lectures and approximately 20-25 students in seminars as we encourage student participation.

  • CMA Section 2.1.(e.g. Fourth Option Period – 5 years; Fifth Option Period – 4 years).

  • Except as expressly modified herein, all terms, conditions and exhibits of the Original Lease, the Addendum, and the respective obligations of the Foundation and the Company thereunder: (i) are incorporated herein by reference as if fully set forth; and (ii) shall continue in full force and effect through the duration of the Lease term, including, to the extent exercised by the Company, the First Option Period, the Second Option Period, the Third Option Period and the Fourth Option Period.

  • Notwithstanding anything in the foregoing Paragraph, it is understood and agreed upon by all Parties that Open Door is hereby granted the right of first refusal for a Fourth Option Period.


More Definitions of Fourth Option Period

Fourth Option Period shall commence on the date that the Option Statement is validly delivered during this period, and each such period, an “Option Period”). Each Option Period shall be a period of forty-five (45) days. In the event that an Option Notice of Option Price Statement Disagreement is delivered in accordance with Section 5.3(c), the relevant Option Period shall be deemed to commence on the date the Rollover Shareholders' Representative has received a copy of the Accounting Firm’s Option Price in accordance with Section 5.3(c)). Subject to the provisions of this Section 5, the Class A Shareholders (acting by a majority in interest) shall have a Call Option, and each Rollover Shareholder shall have a Put Option (exercisable in respect of Rollover Shares held by it), with respect to a certain number of Rollover Shares (as set forth in Section 5.2) held by such Rollover Shareholder during each of the Option Periods. The Call Option shall be a right of the Class A Shares and a obligation of the Rollover Shares and the Put Option shall be a right of each of the Rollover Shares and a obligation of the Class A Shares. Where an Original Rollover Shareholder has transferred some but not all of its Rollover Shares to one or more Rollover Permitted Transferees, a Put Option exercised by the Original Rollover Shareholder or such Rollover Permitted Transferee will only be valid if the Original Rollover Shareholder and such Rollover Permitted Transferee each exercise the Put Option in respect of the relevant Option Period in respect of the Rollover Shares originally held by that Original Rollover Shareholder. The Class A Shareholders (acting by a majority in interest) may exercise their Call Option by giving the Company and the Rollover Shareholders irrevocable written notice (the “Call Notice”) of their election to exercise the Call Option at any time prior to the end of the applicable Option Period. Each Rollover Shareholder may exercise its Put Option by giving the Company and the Class A Shareholders irrevocable written notice (the “Put Notice”) of its election to exercise the Put Option at any time prior to the end of the applicable Option Period and receipt of a Call Notice for such Option Period.
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Fourth Option Period means the six (6) month period that starts the day after the end of the Third Option Period (ending no later than 26 months after the Effective Date).
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Related to Fourth Option Period

  • Option Period means the period during which an Option may be exercised.

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Start-up period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Non-Call Period has the meaning set forth under the definition of “Specific Redemption Provisions.”

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA;

  • Strike Period means from and including 19 July 2024 to and including 23 July 2024

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Exercise Period means the period commencing on the Issuance Date and ending on 5:00 p.m. eastern standard time on the five-year anniversary thereof.

  • Founder Shares Lock-up Period means, with respect to the Founder Shares, the period ending on the earlier of (A) one year after the completion of the Company’s initial Business Combination and (B) subsequent to the Business Combination, (x) if the closing price of the Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial Business Combination or (y) the date on which the Company completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Vested Portion means, at any time, the portion of an Option which has become vested, as described in Section 3 of this Agreement.